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1.
REGISTRATION: All prospective buyers MUST register in
order to bid at the auction. Each bidder shall be required
to possess a certified check drawn payable to themselves in
the amount of $5,000.00.
2. PURCHASE AGREEMENT: The successful buyer shall
sign a Vessel Purchase Contract and Receipt and endorse the
certified check to Doug Shupe’s Trust Account. This amount
plus the difference, up to 20% of the total contract price,
is payable by personal/company check and credited toward the
total contract price. If for any reason the buyer(s) are
unable to complete the transaction, the earnest Money will
be forfeited. Final settlement shall be on or before January
15th, 2007.
3. INSPECTION: Previewing and inspection is
essential. The vessel is being sold “AS IS - WHERE IS”.
4. SELLER’S & AUCTIONEER’S DISCLAIMER: All
announcements made by the auctioneer shall take precedence
over any previously written material or oral statements made
by auctioneer. Conduct of the auction, increments of the
bidding, duration of the auction and decisions as to the
high bidder will be at the sole discretion of the
auctioneer. ALL information is subject to the inspection and
verification on by all parties relying on it. NO GUARANTEE,
WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED IS GIVEN ON
THE INFORMATION CONTAINED IN THE BROCHURE OR DUE DILIGENCE
INFORMATION. The Seller and their agents expressly disclaim
any and all liabilities, which may be based on such
information, errors therein or omissions therefrom. ONLY
such representation and warranties as may be set forth in a
definitive Vessel Purchase Contract between Seller and Buyer
shall have any legal effect.
Seller reserves the right of prior disposal of the vessel.
5. BUYER PREMIUM: Ten 10% will be added to the
successful high bid. The Buyer Premium (Fee) is refundable
if SELLER cannot deliver clear and marketable title to the
vessel, at close of escrow, through no fault of the Buyer.
6. ABSENTEE BIDS: Individuals unable to attend the
auction may complete an Absentee Bid Form, authorizing the
auctioneer to bid on their behalf, up to a specific Amount.
Or register and bid on the Internet:
www.marineauctionservices.com
7. BROKER PARTICIPATION: Boat Brokers are encouraged
to participate in the Auction process and register their
respective clients. Contract the Auctioneer for Registration
Forms. NO oral registrations will be accepted!
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Survey Report